Sarbanes-Oxley (SOX) Act was created with the intent of improving the quality of accounting, Week 6 Discussion questions

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If you’re not comfortable with any of the questions, please
do not take the assignment, this will just make it easier for both of us.  Please try and use a reference with each
answer, I do know this is not always possible. 
Please number each answer, this just helps me to know which answer
belongs to which question.

1. 
The Sarbanes-Oxley (SOX) Act was created with
the intent of improving the quality of accounting, reliability of financial
statements to investors, and providing oversight to accounting professionals
through the creation of a new federal agency, Public Accounting Company
Oversight Board (PACOB). Create an argument supporting whether SOX achieved
these goals, and whether financial data reported today is more accurate and
reliable than prior to the Act. Provide support for your rationale.

2. 
Assess the impact to the Public Accounting
Profession with the creation of the PACOB and the inability of the profession
to be self-regulated. Indicate your level of support for the federal regulation
of the profession. Provide a rationale for your response.

3. 
Assess the impact to public trust when a
publically traded company restates its financial data, indicating how negative
impressions may be minimized. Provide support for your rationale.

4. 
Evaluate the current trend of companies
restating financial statements. Indicate the key drivers of this trend. Predict
the trend over the next five years, providing support for your rationale.

5. 
From the e-Activity, analyze the reasons why the
short-term project that you have chosen might be ranked higher under the NPV
criterion if the cost of capital is high, while the long-term project might be
deemed better if the cost of capital is low. Determine whether or not changes
in the cost of capital could ever cause a change in the internal rate of return
(IRR) ranking of two (2).

e-Activity:  Use the Internet to research two (2) mutually
exclusive investment projects to compare. The projects may involve any kind of
investment, as long as the time frame for one (1) of the investments is a
maximum of one (1) year (short term) and the time frame for the other
investment is five (5) years minimum (long term). Be prepared to discuss.

6. 
From the scenario, take a position for or
against TFC’s decision to expand to the West Coast. Provide a rationale for
your response in which you cite at least two (2) capital budgeting techniques
(e.g., NPV, IRR, Payback Period, etc.) that you used to arrive at your
decision.

Scenario:  attached (there are 3 attachments, 2 of them
are just showing how they got answers)